Accounting for Operating Investment Securities and Proportional Consolidation Associated with the Investment Development Business
First written in FY2021-Q2. 6 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For investments in investment partnerships, the Company records the partnerships’ assets, liabilities, revenues and expenses based on the Company Group’s proportionate ownership interests.」
The Company continues to record the gains and losses and other items of investment partnerships based on its proportionate ownership interests. - FY2022RestatedAnnual report
「In the fiscal year, the Company recorded the gains and losses of funds in which the Company Group invests based on its proportionate ownership interests.」
In the investment development business, the Company continues to record the gains and losses of invested funds based on its proportionate ownership interests. - FY2022-Q3RestatedAnnual report
「In the cumulative third quarter, the Company recorded the gains and losses of funds in which the Company Group invests based on its proportionate ownership interests.」
In the investment development business, the Company continues to record the gains and losses of funds in which it invests based on its proportionate ownership interests. - FY2022-Q2RestatedAnnual report
「In the cumulative second quarter, the Company recorded the gains and losses of funds in which the Company Group invests based on its proportionate ownership interests.」
In the investment development business, the Company continues to record the gains and losses of invested funds based on its proportionate ownership interests. - FY2021RestatedAnnual report
「On the consolidated balance sheet, the Company records securities held for investment development purposes, previously recorded as investment securities under fixed assets, as operating investment securities under current assets. In addition, for transactions conducted on or after 17 March 2021, the Company records gains and losses related to these securities, previously recorded as non-operating income and expenses in the consolidated income statement, as net sales and cost of sales. For investments in investment partnerships managed and operated by the Company Group, the Company records the partnerships’ assets, liabilities, revenues and expenses based on the Company Group’s proportionate ownership interests.」
The Company continues to reclassify securities held for investment development purposes as operating investment securities, record the related gains and losses as net sales and cost of sales, and apply proportional consolidation to investment partnerships as the investment development business becomes a principal business. - FY2021-Q3RestatedAnnual report
「On the quarterly consolidated balance sheet, the Company records securities held for investment development purposes, previously recorded under investments and other assets in fixed assets, as operating investment securities under current assets. In addition, for transactions conducted on or after 17 March 2021, the Company records gains and losses related to these securities, previously recorded as non-operating income and expenses in the quarterly consolidated income statement, as net sales and cost of sales.」
The Company continues to reclassify securities held for investment development purposes as operating investment securities and record the related gains and losses as net sales and cost of sales following the investment development business becoming a principal business. - FY2021-Q2First statedAnnual report
「The Company decided, by resolution of its Board of Directors on 17 March 2021, to pursue the investment development business as one of its principal businesses. On the quarterly consolidated balance sheet, the Company records securities held for investment development purposes, previously recorded under investments and other assets in fixed assets, as operating investment securities under current assets. In addition, for transactions conducted on or after 17 March 2021, the Company records gains and losses related to these securities, previously recorded as non-operating income and expenses in the quarterly consolidated income statement, as net sales and cost of sales.」
In connection with making the investment development business a principal business, the Company began recording securities held for investment development purposes as operating investment securities and the related gains and losses as net sales and cost of sales. For investments in investment partnerships, the Company uses proportional consolidation and recorded operating investment securities of ¥5,921 million, net sales of ¥61 million and cost of sales of ¥93 million.